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Words related to savings

sav·ing
S s

  • passbook savings account

    a type of savings account in which transactions are entered into a passbook in the possession of the account holder.

  • statement savings account

    a savings account in which transactions are confirmed periodically by a bank statement.

  • federal savings and loan insurance corporation

    a public corporation, established in 1934, that insures, up to a specified amount, all deposits in member savings and loan associations. Abbreviation: FSLIC.

  • mutual savings bank

    a noncapitalized savings bank that distributes its net earnings to depositors.

  • postal savings bank

    any of the savings banks formerly operated by local post offices and limited to small accounts.

  • savings and loan association

    a depositor-owned organization that solicits savings to be placed in saving accounts or in share accounts, on which interest or dividends are paid, and from which mortgage loans on homes or real estate are made
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